Karachi: The financial results of Ali Asghar Textile Mills Limited for the quarter ending September 30, 2026, reveal a mixed performance, with the company reporting a notable increase in revenue but a significant decline in profit after tax. The results, presented on November 2, 2026, cover both consolidated and standalone accounts.

The company reported a profit after tax of Rs. 20.069 million, down from Rs. 46.652 million in the corresponding quarter of the previous year. The profit attributable to shareholders of the holding company stood at Rs. 19.986 million, compared to Rs. 46.674 million in the same period last year.

Revenue for the quarter increased to Rs. 28.049 million, up from Rs. 18.447 million, marking a revenue growth of approximately 52%. Gross profit also rose to Rs. 14.653 million from Rs. 8.340 million, driven by the expansion of logistics and solar operations. The company reported an operating profit of Rs. 4.855 million, a turnaround from an operating loss of Rs. 6.417 million in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), other income, primarily from the investment portfolio, decreased significantly to Rs. 27.790 million from Rs. 71.919 million. The finance cost also increased to Rs. 7.152 million from Rs. 6.046 million, contributing to the overall decline in profit after tax. The earnings per share (EPS) decreased to Rs. 0.45 from Rs. 1.05.

Net equity, including unrealized gains, was reported at Rs. 3.00 billion, a slight decrease from Rs. 3.075 billion in the previous year. Administrative expenses were reduced by approximately 34%, aiding in the transition from an operating loss to an operating profit.

The textile company's financial performance reflects a very large move in revenue growth and a significant move in the decline of profit after tax. The designated market category for Ali Asghar Textile Mills Limited remains unchanged.